Morgan Stanley: Harris win could lead to Wall Street disappointment

Odaily News Mike Wilson, chief U.S. equity strategist at Morgan Stanley, said that while some believe a Trump win would be a headwind for economic growth and the stock market, a Harris win could lead to disappointment on Wall Street. Polls show a 50% chance of that happening. But Wilson pointed out the risk of a market decline that could also come with a Trump win. "In some market sectors, if the upside is already overcrowded and priced in, the 'sell the news' phenomenon could make it vulnerable," he said. (Jinshi)